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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+10.58%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$19.1B
AUM Growth
+$1.49B
Cap. Flow
-$61.6M
Cap. Flow %
-0.32%
Top 10 Hldgs %
34.97%
Holding
1,006
New
31
Increased
699
Reduced
152
Closed
31

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$309M
2
BMY icon
Bristol-Myers Squibb
BMY
+$36.8M
3
GNRC icon
Generac Holdings
GNRC
+$27.9M
4
LYV icon
Live Nation Entertainment
LYV
+$27M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$24.9M

Top Sells

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$169M
2
VLUE icon
iShares MSCI USA Value Factor ETF
VLUE
+$160M
3
UGI icon
UGI
UGI
+$136M
4
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$125M
5
ARI
Apollo Commercial Real Estate
ARI
+$81M

Sector Composition

Rank Sector Weight
1 Technology 21.84%
2 Healthcare 12.35%
3 Communication Services 10.38%
4 Financials 10.3%
5 Consumer Discretionary 8.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FOX icon
676
Fox Class B
FOX
$23.7B
$1.78M 0.01%
51,937
+9,336
+22% +$342K
ORI icon
677
Old Republic International
ORI
$10.3B
$1.78M 0.01%
72,370
+1,100
+2% +$27.3K
SNV
678
DELISTED
Synovus
SNV
$1.77M 0.01%
36,905
+200
+0.5% +$9.47K
KRC icon
679
Kilroy Realty
KRC
$4.32B
$1.76M 0.01%
26,538
+300
+1% +$20.5K
IBKR icon
680
Interactive Brokers
IBKR
$41.1B
$1.76M 0.01%
88,536
+1,200
+1% +$22.3K
ARWR icon
681
Arrowhead Research
ARWR
$12.5B
$1.75M 0.01%
26,428
+300
+1% +$20.6K
LPX icon
682
Louisiana-Pacific
LPX
$5.23B
$1.75M 0.01%
22,342
-1,500
-6% -$103K
RGLD icon
683
Royal Gold
RGLD
$19.7B
$1.75M 0.01%
16,587
+200
+1% +$20.2K
WWD icon
684
Woodward
WWD
$21B
$1.74M 0.01%
15,929
– –
IAA
685
DELISTED
IAA, Inc. Common Stock
IAA
$1.73M 0.01%
34,200
+400
+1% +$21.3K
EME icon
686
Emcor
EME
$36.1B
$1.72M 0.01%
13,535
+100
+0.7% +$12.4K
LSTR icon
687
Landstar System
LSTR
$6.12B
$1.72M 0.01%
9,609
– –
EXP icon
688
Eagle Materials
EXP
$6.46B
$1.72M 0.01%
10,303
-200
-2% -$30.7K
VVV icon
689
Valvoline
VVV
$4.33B
$1.71M 0.01%
45,832
+500
+1% +$17.4K
KBR icon
690
KBR
KBR
$4.83B
$1.69M 0.01%
35,568
+300
+0.9% +$13.2K
AMG icon
691
Affiliated Managers Group
AMG
$9.79B
$1.69M 0.01%
10,266
-100
-1% -$16.8K
PB icon
692
Prosperity Bancshares
PB
$8.84B
$1.69M 0.01%
23,354
+100
+0.4% +$7.4K
VNO icon
693
Vornado Realty Trust
VNO
$7.23B
$1.68M 0.01%
40,068
+100
+0.3% +$4.32K
EQT icon
694
EQT Corp
EQT
$33.4B
$1.67M 0.01%
76,661
+900
+1% +$18.8K
POST icon
695
Post Holdings
POST
$3.5B
$1.67M 0.01%
22,595
+153
+0.7% +$10.5K
SMG icon
696
ScottsMiracle-Gro
SMG
$3.6B
$1.66M 0.01%
10,284
+100
+1% +$15.5K
FFIN icon
697
First Financial Bankshares
FFIN
$4.92B
$1.65M 0.01%
32,458
+400
+1% +$20.3K
COHR
698
DELISTED
Coherent Inc
COHR
$1.65M 0.01%
6,183
– –
EHC icon
699
Encompass Health
EHC
$12.4B
$1.65M 0.01%
31,712
+378
+1% +$19.5K
ALK icon
700
Alaska Air
ALK
$5.37B
$1.64M 0.01%
31,531
+100
+0.3% +$5.41K
26 27
28
29 30

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

State of Michigan Retirement System's Q4 2021 Portfolio in Review

As of Q4 2021, State of Michigan Retirement System held 1,006 positions worth $19.1B, up 8.5% from $17.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

State of Michigan Retirement System's Q4 2021 filing shows 31 new, 699 increased, 152 reduced and 31 closed positions. Its largest new stake was WNS Holdings: 143,000 shares worth $12.6M. The largest sale was iShares MSCI USA Quality Factor ETF, an estimated $169M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Healthcare and Communication Services.

  • State of Michigan Retirement System's largest Q4 2021 buy was WNS Holdings: 143,000 shares worth $12.6M.
  • State of Michigan Retirement System added most to AT&T in Q4 2021, an estimated $309M increase.
  • State of Michigan Retirement System's biggest Q4 2021 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $169M.
  • State of Michigan Retirement System fully exited Apollo Commercial Real Estate in Q4 2021, selling an estimated $81M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $19.1B portfolio in Q4 2021.
  • State of Michigan Retirement System opened 31 new positions and closed 31 in Q4 2021.
  • State of Michigan Retirement System's portfolio value rose 8.5% quarter-over-quarter to $19.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2021, filed 27 Jan 2022.